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When a Business Pledges Its Accounts Receivable,it Transfers the Right

question 80

True/False

When a business pledges its accounts receivable,it transfers the right to collect cash from customers to the bank.


Definitions:

Ethics

Moral principles that guide our behavior.

Moral Question

An issue that involves judgments about what is right and wrong, ethical or unethical.

Business Profits

The monetary gains made by a business after subtracting all expenses from its total revenue.

Moral Principles

Fundamental beliefs about what is right and wrong that guide ethical behavior.

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